Effective: September 3, 1996
Latest Legislation: House Bill 462 - 121st General Assembly
A municipal corporation, county, or township may undergo a fiscal watch review to determine whether it is approaching a state of fiscal emergency. A fiscal watch review shall be initiated by a written request to the auditor of state from the mayor of the municipal corporation, or the presiding officer of the legislative authority of the municipal corporation when authorized by a majority of the members of the legislative authority; from a board of county commissioners, or the county executive of a county formed under Chapter 302. of the Revised Code; or from a board of township trustees; or may be initiated by the auditor of state. The auditor of state shall acknowledge receipt of a written request for a fiscal watch review by sending a copy of it, stamped with the date received by the auditor of state's office, to the public official or board requesting a review.
Structure Ohio Revised Code
Chapter 118 | Local Fiscal Emergencies
Section 118.01 | Local Fiscal Emergency Definitions.
Section 118.02 | Requiring Fiscal Integrity of Municipal Corporations, Counties, and Townships.
Section 118.021 | Initiating Fiscal Watch Review.
Section 118.022 | Conditions Constituting Grounds for Fiscal Watch.
Section 118.023 | Declaring Existence of Fiscal Watch; Financial Recovery Plan.
Section 118.03 | Fiscal Emergency Conditions.
Section 118.04 | Determining Existence of Fiscal Emergency Condition.
Section 118.041 | Performance Audit of Municipal Corporations.
Section 118.05 | Financial Planning and Supervision Commission.
Section 118.06 | Submission of Detailed Financial Plan.
Section 118.07 | Commission or Financial Supervisor - Powers and Duties.
Section 118.08 | Powers, Duties, and Functions of Financial Planning and Supervision Commission.
Section 118.09 | Paying Expenses and Obligations.
Section 118.10 | Developing Effective Financial Accounting and Reporting System.
Section 118.12 | Failure to Submit Plan.
Section 118.13 | Appropriations May Not Be Contrary to Financial Plan.
Section 118.14 | Commission Communications.
Section 118.15 | Prior Approval of Debt Obligations.
Section 118.16 | Bond Anticipation Notes.
Section 118.17 | Issuing Local Government Fund Notes.
Section 118.18 | Debt Obligation Definitions.
Section 118.19 | Using Special Provisions for Debt Obligations.
Section 118.20 | Authorizing Debt Obligations.
Section 118.21 | Rights and Remedies of the Holders of Debt Obligations.
Section 118.22 | Pledge and Agreement of State With and for Benefit of Holders of Debt Obligations.
Section 118.23 | Current Revenue Notes Issued During Fiscal Emergency Period.
Section 118.24 | Issuing Advance Tax Payment Notes.
Section 118.25 | Invest in Current Revenue Notes.
Section 118.26 | Debt Obligations.
Section 118.27 | Continued Existence of Commission.
Section 118.28 | Severability - Construction.
Section 118.31 | Legal Action to Dissolve a Municipal Corporation or Township.